The Reunion Engineering Insurance Roundtable, which has become an annual traditional event of Engineering insurance professionals related to the Russian insurance market, was held for the fourth time on June 2-4, 2014 in St. Petersburg, Russia.

The event was attended by the representatives of the international insurance and reinsurance companies:

ACE Insurance Company, Rotterdam
Allianz Global Corporate & Specialty AG, Munich
Arab Insurance Group, Manama
Hannover Re, Hannover
Korean Reinsurance Company, London
Munich Re, Munich
Polish Re, Warsaw
SCOR, Paris
Swiss Re Europe S.A., Munich
Swiss Re, Zurich
Torus Insurance, London
VIG Re, Prague

Representatives of the Russian insurance companies:

Alfastrakhovanie, Moscow
Allianz Global Corporate & Specialty AG, Moscow
British Insurance House, Moscow/ St. Petersburg
Evro-Polis LLC, Moscow
GEFEST Insurance Company, Moscow
Ingosstrakh Insurance Company, Moscow
OJSC Liberty Insurance, St. Petersburg
Pomosch IC Ltd, Saint-Petersburg/Moscow
RESO-Garantia, Moscow
Rosgosstrakh LLC, Moscow
Transneft Insurance Company, CJSC, Moscow
Zurich Insurance Company Ltd, Moscow

Representatives of the Russian reinsurance companies:

Russian Re, Moscow
Moscow Re, Moscow
Unity Re Ltd, Moscow

The Roundtable was also attended by the representatives of Russian and International service companies:

Cunningham Lindsey Russia, Moscow
Cunningham Lindsey Zorn GmbH, Wülfrath
ISLAB LLC (RusSurvey®), Moscow

ISES LLC (RusSurvey®), Moscow


As well as by the representatives of Reunion:
Insurance Broker Reunion LLC, Moscow
Reunion Ukraine LLC, Kiev
Reunion AG, Zug

Eleven topics were presented and discussed within the overall theme of the Fourth Roundtable by the participants:

1. Claims Update
2. Risks Evaluation
3. Risk Definition
4. PML Definition
5. Contractor's Liability Insurance
6. Maintenance Covers 
7. Civil Engineering Completed Risks
8. Insurance of tunnels
9. Standard CAR policy wording of Munich Re - its application in Russia
10. CAR/EAR Endorsements - application issues
11. Delay in Start-Up (DSU)/ALOP- Aspects of Insurance Cover and Claims Handling                                     

 

Each presentation was followed by an animated discussion, which allowed the participants to share their professional knowledge and experience.

 

Summarizing the results of the Fourth Reunion Engineering Insurance Roundtable, the participants noted the importance of the event, which facilitates the dialogue between specialists of insurance and reinsurance CAR, which makes it possible to compare the current practice of insurance of large engineering projects in Russia with international experience.

 

Some feedback from participants:

«Thank you very much for this great event!» (Zurich Insurance Company Ltd.)
«Fantastic organisation!» (Polish Re)
«Everything was organized on the highest level» (RusSurvey)
«It is very useful to have the opportunity to speak with the business partner also after the official part» (Hannover Re)
«Let us say thank you very much for so great event what you've organized! We are satisfied indeed. We do hope your useful and interesting initiative will develop and grow for all parties benefit! We wish you all the best!» (Allianz Global Corporate & Specialty (AGCS))

Taking into account the positive reviews, Reunion AG plans to organize the Fifth Round Table in 2015.